LIBYA

The United States will recognize the Transitional National Council (TNC), the rebel group fighting Moammar Gaddafi in Libya, as that country’s “legitimate governing authority, said Secretary of State Hillary Clinton.

Italy has pledged support -- and Euros -- to the rebels fighting in Libya.

Libyan leader Moammar Gaddafi will destroy Tripoli by blowing it up if rebels take control of the capital, a Russian diplomat told the Izvestia newspaper.

Islamic extremists in the deserts of North Africa are exploiting the chaos and violence in Libya to obtain weapons, warned Franco Frattini, Italy’s Foreign Minister.

Shares in UniCredit SpA and other Italian banks extended losses on Monday after a sell-off last week due to concerns Italy could be drawn into the euro zone debt crisis and worries about the strength of their capital.

Moammar Gaddafi’s son said that the Libyan government is negotiating with France to find a solution to the months-long civil war raging in that North African country.

Americans, it’s been said, are a resilient, can-do bunch. Well, it looks like U.S. motorists will have to become even more resilient, as the days of $2-something per gallon gasoline appear to be gone.

The founder of Pakistan's nuclear program claims that North Korea had paid top Pakistani military officials more than $3 million in exchange for nuclear technology in the 1990s.

Two of the biggest commodity hedge funds suffered a second month of painful losses in June, falling victim to a rout across raw goods markets, a hedge fund investor told Reuters on Thursday.

A boat traveling between Sudan and Saudi Arabia caught fire, killing most of the refugees on board.

Libyan leader Moammar Gaddafi is willing to step down from power if he receives security guarantees, reported Russian media, quoting an unnamed Russian government official.

Rising labor costs will push over 80 million Chinese jobs in light manufacturing abroad over the next three to five years, with African nations well placed to lure many of them their way, the World Bank said.

One of the most important regional powers in the Middle East has recognized the Libyan rebels as the legitimate government of that country, giving a potentially fatal blow to Moammar Gaddafi.

Muammar Gaddafi threatened Europe on Friday. He said his Libyan supporters can take the battle to Europe, to target your homes, offices, families, which would become legitimate military targets, like you have targeted our homes.

US Secretary of State Hilary Clinton has shrugged off threats by Libyan leader Moammar Gaddafi that he will attack Europe and reiterated her demand that he step down from power.

Muammar Gaddafi uttered some disturbing words to a crowd of supporters in Tripoli on Friday.

It's likely to be a bitter-sweet Fourth of July holiday weekend, gas price-wise, for U.S. motorists. Gas prices have edged lower recently, but are still up substantially from a year ago, in early July 2010.

China quickly blocked Google's newest offering Google+, a service that promises a better social networking experience than Facebook's. The Google+ service was not available to Chinese users, New York's Daily News said, citing sources.

China apparently lost no time denying its people access to yet another western social networking service. Hours after search giant Google unveiled ambitious social networking service Google+, the Chinese government got the service blocked in the country, according to media reports.

Thousands of migrant workers from South Asia are trapped in southern Libya, near the border of Chad, according to a report from The International Organization for Migration (IOM).

Appearing before the U.S. Senate's Foreign Relations committee, the U.S. State Department's legal adviser argued that President Barack Obama has acted within the law despite failing to get Congressional approval for the campaign in Libya.